Asian Markets advance led by the Nikkei 225

Asian market rose this morning as regional markets recovered from losses sparked by worries over economic uncertainty in Turkey.

The Asian benchmark in Japan, the Nikkei 225, was up. Shares gained 1.22 percent. All sectors were up today as the yen gave moved lower. The yen had appreciated on safe haven demand thanks to Turkey. As of 10:00 am Hong Kong time, the benchmark USD/JPY market was at 110.77 yen. Yesterday this market was closer to 110.3 yen.

Exporter plays recovered. This included automakers and tech stocks. Shares of Honda Motor gained 1.19 percent.

Across the Korean Strait, the South Korean Kospi composite in gained, Shares were up 0.11 percent. Tech stocks were a mixed. Shares of LG Electronics shed 4.46 percent. However, shares of index heavyweight Samsung Electronics was up 0.55 percent.

Other Regional Asian Markets Gain this Morning

Elsewhere in the Asian and Pacific Rim, the Australian S&P ASX 200 was up. Shares gained 0.79 percent as the energy, financials and materials sub-indexes were all up. They gained over one percent.

Chinese markets, however, fell lower. In Hong Kong, the Hang Seng Index was down 0.67 percent. Industrial plays shed over 4.32 percent. The tech sector also recorded heavy losses. Blue chip Tencent shed 2.49 percent.

The Shanghai Composite was down. Shares lost 0.3 percent. Traders were looking at Chinese data this morning. China fixed asset investment growth was up 5.5 percent. This missed the expected growth of six percent.